Press release -
Kommuninvest issues SEK 3 billion in new bond
Kommuninvest today issued SEK 3 billion (USD 0.28 billion) in a new bond under the Swedish Benchmark Programme.
The new bond is labeled K3006 and matures on 2030-06-12. It will be added to the calendar for the weekly auctions of the programme.
The transaction, which had a bid-to-cover ratio of 4.04, was priced 30.97 basis points above mid-swaps and approximately 76.5 basis points above the corresponding Swedish government bond.
– To have the long-term investors onboard is important both for the development of the programme and for our ability to secure cost-effective financing of the investments of the municipal sector in Sweden, says Tobias Landström, Acting Head of Debt Management at Kommuninvest.
For further information
Tobias Landström, Acting Head of Debt Management, tel: +46 705 86 78 51
e-mail: tobias.landstrom@kommuninvest.se
Victoria Preger, Chief Communication Officer, tel: +46 70 266 87 26
e-mail: Victoria.preger@kommuninvest.se
Topics
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together we get better loan terms than each one individually. Since the start in 1986, the Kommuninvest collaboration has helped reduce the local government sector’s borrowing costs by many billion SEK. Currently, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of more than SEK 600 billion (USD ~55 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institutions in Sweden. The head office is located in Örebro.
